Brazil

Tuesday, August 20th 2013 - 23:35 UTC
The sliding Brazilian currency has depreciated 18% in the last twelve months

The Brazilian currency Real, which is the region’s reference, is undergoing one of its major depreciations against the US dollar in the last four years because of the poor performance of its economy and the tendency is to continue, at least in the short term, given the uncertainty about US monetary policy.
Friday, August 16th 2013 - 17:42 UTC
World Cup 2014 exposes Brazil’s lack of non-commercial aircraft infrastructure

Non-commercial aircraft are expected to carry as many as one in nine international visitors to the World Cup in Brazil next year by some estimates, but industry leaders say the country is unprepared for the oncoming swarm.
Friday, August 16th 2013 - 03:22 UTC
Brazilean congress clears the way for sale of giant Libra offshore oil prospect

The Brazilian congress rejected an amendment to an oil-royalty bill that threatened to derail the world's largest-ever sale of rights to develop offshore oil resources scheduled for October 21. The amendment had sought to set the Brazilian government's minimum share of “profit oil” from the sale of the giant Libra offshore prospect and other fields in Brazil's most productive oil area at 60%.
Friday, August 16th 2013 - 03:15 UTC
Chief coordinator of Rio’s 2016 Olympics resigns triggering fears about Brazil’s ability to stage the games

The head of the public body coordinating planning for the 2016 Olympics in Rio de Janeiro has resigned, raising concerns about the city's ability to stage the first games in South America. Resignation of Marcio Fortes, who headed the Olympic Public Authority, was confirmed Wednesday by the organization.
Friday, August 16th 2013 - 03:04 UTC
Brazil's June economic activity picked up, but recovery remains fragile

Brazil's economic activity grew at a slightly slower pace than expected in June despite strong industrial output, data showed on Thursday. The central bank's IBC-Br index climbed 1.13% in June from May in seasonally adjusted terms, up from a decline of 1.50% in the previous month.
Friday, August 16th 2013 - 02:57 UTC
Paraguay new president pledges ‘war on poverty’ and improved relations with neighbours

Conservative businessman Horacio Cartes was sworn in as president of Paraguay on Thursday, amid slowly improving relations with South American neighbors, and Mercosur members, damaged by the 2012 removal of populist President Fernando Lugo, who was impeached on incompetence.
Thursday, August 15th 2013 - 03:51 UTC
Mercosur controversy, Cartes main challenge when he takes office on Thursday

Most presidents and top authorities that will attend the inauguration of Paraguayan president-elect Horacio Cartes on Thursday morning arrived in Asunción on Wednesday and most of them have already held private meetings with the future leader of the country.
Wednesday, August 14th 2013 - 19:41 UTC
Brazil now admits construction pace of five stadiums for World Cup 2014 ‘must be accelerated’

Brazilian Sports Minister Aldo Rebelo has said he is worried about delays at five stadiums still being built for next year's football World Cup. Rebelo said the pace of construction must be accelerated if the venues are to be ready by this December.
Wednesday, August 14th 2013 - 02:58 UTC
Brazilian Navy incorporates third UK built Amazonas class ocean patrol vessel

The newest ship in the Brazilian navy's fleet has left the UK on a journey of more than 16.100km to Brazil. “Araguari” which sailed from Portsmouth is the third of three Amazonas class ocean patrol vessels delivered to the Brazilian navy by BAE Systems.
Wednesday, August 14th 2013 - 02:53 UTC
US intelligence in 1988 considered links of Latam guerrilla groups and drug lords a short term issue

US military believed that the links between the Colombian guerrilla groups and the drug lords at the end of the eighties was a matter of concern but a short term issue, according to declassified minutes of a meeting of US and Brazilian military officers, published by O Estado de Sao Paulo.